@Mitwah posted:Mr. Accountant, that increase would increase the cost of producing goods. The Economists are saying that an increase of $10/barrel could raise inflation by 10 basic points. Guyana imports most of its goods including basic food stuff. The rise in the price would finally be passed on to the poor Guyanese consumers.
PPP = Punishing Poor People.
You still not in touch with the economic realities of Guyana. The earnings from oil due to high prices will off-set the inflationary effects on the economy and leave us in the black. Don't get tie up with the trash being peddled by losers and charlatans.